Opalesque Industry Update - In July the UCITS Alternative Index Global is up 0.53% bringing its year to date performance to -0.28% while the Fund of Funds Index is down -0.35% bringing its performance for the year to -0.83%. The Emerging Markets Index and Event Driven Index achieved the best performance for the month with 1.68% and 1.33% respectively. The CTA Index and Multi-Strategy Index are the worst performing ones with -0.35% and -0.26% respectively for the period. On a year to date basis the Fixed Income Index is the best performing sector with 2.73% while the Commodities Index shows the lowest return with -4.88%. At the end of July 2010 the UCITS Alternative Index was made of close to 540 constituent hedge funds and fund of hedge funds totaling EUR 91 billion asset under management.